Payment method list
In Continia Payment Management, the payment methods belonging to a bank, are created after you have imported your bank's bank setup. In Payment Management a complete payment method overview has been defined, containing all payment methods for all those banks and bank branches that have been integrated with Payment Management.
There is, of course, a difference in what the individual banks and bank branches offer in terms of payment methods. Therefore, there is also a difference in what Payment Management supports in terms of payment methods for the individual banks. When you import the setup of your bank, the payment methods supported by the bank will be activated.
Which payment methods are supported by Continia Payment Management
Payment Management supports the most common payment methods which are supported by the banks, i.e. domestic account transfer, OCR-related payments and general foreign account transfers.
Note
We recommended not to change the setup of payment methods that are imported through the bank setup files.
How to access the Payment Method List
- Select the icon
, type in Continia Payment Management, and select the related link. - Then select Payment Method and then List.
- This opens the window Payment Method List.
- Below you'll find descriptions of the fields and functions in the window.
- When you have finished the setup, select Close.
One of the basic windows in Payment Management is the Payment Method List. In it you'll find all available payment methods, and thus an overview of all possible ways in which a vendor can be paid. In the overview there are several different levels, groups etc.
| Name | Description |
|---|---|
| Code | This field contains the unique code for each payment method. It will always be the same code for the individual payment method across the banks. |
| Description | In this field you will find a description of the individual payment method. Based on the description, you can choose the most appropriate method for your payment. We have tried to describe the payment methods as close to the banks' naming as possible. At the right side of the window you'll also find a fact box, in which there is a further description about the payment method. |
| Type | This field indicates the type of the given line, as not all lines in the overview are actual payment methods. Some lines are used for payment method section and sorting of payment methods. The types are as follows: Payment Method Heading From payment method To payment method |
| Active | This field indicates whether the given payment method is active. Only active payment methods can be selected for a payment. You cannot change information on the Payment Method List. Since the payment method overview shows all payment methods in Payment Management, you have the opportunity here to see which payment methods are active for the banks that you have loaded. All payment methods that apply to a bank can be activated and deactivated from the bank card, by checking the box In Use. If you want to block the use of a payment method for a bank, you can use the function Block the use of Payment Methods on a bank account, which can be found on the bank account card. If a payment method that has already been applied to a payment is deactivated, the validation of the payment will result in an error. |
| Payment Method Group Code | Here you specify which Payment Method Group the payment method is associated with. A Payment Method Group can be used as a help, to automatically fill-in payment information on the vendor. |
| Country Code | Hidden field - Open the window Payment method card. Used when you want to filter the list of payment methods shown in the payment journal. By entering a country code here and on the vendors payment information, the list of payment methods shown in the payment journal will be filtered to only show those payment methods that have the same country code as on the vendor. |
| Manual | Hidden field - Open the window Payment method card. Indicates that payments with this payment method should not be sent to the bank. Can be used if the transfer is performed in another way, for example if the vendor has a direct-debit agreement where the vendor collects the money himself. |
Actions on the window
At the top of the window, you'll find the following features specific to Payment Management:
| Action | Description |
|---|---|
| Card | Opens the window Payment Method Card, which shows the same fields as shown in the overview but on a Payment Method Card. |
| Ledger Entries | Opens the window Payment Ledger Entries, where you can see an overview of the entries located on the selected payment method. Both paid entries and entries ready for payment are displayed. The window allows you to quickly find documentation of what and by whom, for example, expensive foreign payments have been used. |
| Statistics | Opens the Payment Method Statistics window, in which you'll find statistics on the payment method you have selected. The statistics are displayed collectively and periodically, this year and last year for the fields: Amount (LCY) Fee (LCY) No. of Payment No. of Collected Payments Avg. Amount (LCY) Avg. Fee (LCY) The figures can for example be used when negotiating fees with your bank. |
| Fee | Opens the window Payment Method Fee, where you can define which fees are charged for different payment methods. The fee may be imposed as a fixed amount or a percentage of the amount. |
| Pmt. method description | Opens the Payment Method Description Window, which shows the different descriptions created on the selected payment method. |